CenterPoint Energy (CNP) Set to Announce Earnings on Monday

CenterPoint Energy (NYSE:CNP - Get Free Report) is scheduled to announce its earnings results before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. CenterPoint Energy has set its FY 2024 guidance at 1.610-1.630 EPS and its FY24 guidance at $1.62 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.88 billion. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same quarter in the previous year, the company posted $0.28 EPS. On average, analysts expect CenterPoint Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CenterPoint Energy Trading Down 0.1 %

CNP traded down $0.02 during mid-day trading on Monday, reaching $30.09. The stock had a trading volume of 4,748,374 shares, compared to its average volume of 5,402,982. The firm's fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $28.89. The stock has a market capitalization of $19.25 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.56 and a beta of 0.92. CenterPoint Energy has a 52 week low of $25.41 and a 52 week high of $31.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.99 and a current ratio of 1.20.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.21 dividend. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 2.79%. CenterPoint Energy's dividend payout ratio (DPR) is currently 59.15%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CNP shares. StockNews.com downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Thursday. Scotiabank reduced their price objective on shares of CenterPoint Energy from $29.00 to $28.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 20th. Morgan Stanley upped their target price on shares of CenterPoint Energy from $30.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. KeyCorp lowered CenterPoint Energy from an "overweight" rating to a "sector weight" rating in a research report on Friday, August 2nd. Finally, Bank of America assumed coverage on CenterPoint Energy in a report on Thursday, September 12th. They issued a "neutral" rating and a $29.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of "Hold" and an average target price of $29.91.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.